Founder and leader of Heaven’s Gate Ministries, Nicholas Osei, popularly known as Prophet Kumchacha, has alleged that former President Nana Akufo-Addo misled him into investing in the now-defunct gold dealership company, Menzgold.According to him, he informed the then-president of his intention to invest in the firm, and he claims the President encouraged him, assuring him that it was a safe venture.Speaking in an interview on Adom FM, Prophet Kumchacha stated:Recommended For YouSports2025-04-08T13:35:17+00:00Here’s what Ghana’s Sports Ministry is doing about the death of Nigerian boxerGhana’s Sports and Recreation Ministry is taking steps to investigate the tragic death of a Nigerian boxer during a bout in the country. Update on what the ministry seeks to do…Business2025-04-08T14:00:16+00:005 side hustles that can pay you more than a 9-5 job – Don’t miss no. 2Lifestyle2025-04-08T14:00:44+00:005 Proven tips to make your salary last more than a weekDiscover five simple ways to make your salary last longer and avoid running out of money too soon. See full proven tips…ALSO READ: E/R: 2 volleyball players killed in tragic motorcycle crash with tipper truckI told him before I invested that this is what I wanted to do, and he assured me that I could go ahead. I used to support him with another pastor, so if he gave me that assurance and now the money is locked up, it’s unfair.Expressing frustration over his inability to retrieve his locked-up funds, the outspoken prophet declared that the embattled CEO of Menzgold, Nana Appiah Mensah—also known as NAM1—would not make it to heaven for allegedly withholding the money of innocent people.BackgroundIn 2019, Menzgold made headlines after it encountered serious issues with state regulatory bodies regarding its operations.Both the Bank of Ghana and the Minerals Commission asserted that the company had been accepting deposits and selling gold locally without the appropriate licence.The matter escalated when the Securities and Exchange Commission (SEC) ordered Menzgold to shut down its gold trading operations.ALSO READ: Bantama SDA student shot by colleague goes blind, shares disturbing details (video)To date, the company remains closed, with numerous aggrieved customers persistently demanding the return of their investments.Menzgold CEO Nana Appiah Mensah has since been charged with defrauding under false pretences, and the case remains in court.Prophet Nicholas Osei, founder and leader of Heaven’s Gate Ministries and popularly known as Prophet Kumchacha, has claimed that former President Akufo-Addo encouraged him to invest in Menzgold when he consulted the former president for advice on investing in the firm. pic.twitter.com/PipdPrWlDu— EDHUB🌍ℹ (@eddie_wrt) April 8, 2025